RSI low/high Values: [ 25 - 75 ]
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AI Analysis of LUMAXIND.BO
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Green day on Thursday for Lumax Industries Limited stock after gaining 1.80%
(Updated on Mar 28, 2024)

Buy candidate since Mar 26, 2024 Gain 1.78% PDF

The Lumax Industries Limited stock price gained 1.80% on the last trading day (Thursday, 28th Mar 2024), rising from ₹2,359.60 to ₹2,402.00. During the last trading day the stock fluctuated 2.62% from a day low at ₹2,380.00 to a day high of ₹2,442.35. The price has been going up and down for this period, and there has been a 9.29% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 281 more shares were traded than the day before. In total, 666 shares were bought and sold for approximately ₹1.60 million.

Given the current short-term trend, the stock is expected to fall -8.17% during the next 3 months and, with a 90% probability hold a price between ₹1,973.02 and ₹2,205.65 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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LUMAXIND.BO Signals & Forecast

Mostly positive signals in the chart today. The Lumax Industries Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹2,332.72 and ₹2,337.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 10.20%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Lumax Industries Limited stock

Lumax Industries Limited finds support from accumulated volume at ₹2,397.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹62.35 (2.62%) between high and low. For the last week, the stock has had daily average volatility of 2.27%.

Our recommended stop-loss: ₹2,310.72 (-3.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (LUMAXIND.BO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Lumax Industries Limited to open at ₹2,408.12, and during the day (based on 14 day Average True Range), to move between ₹2,312.91 and ₹2,491.09, which gives a possible trading interval of +/-₹89.09 (+/-3.71%) up or down from last closing price. If Lumax Industries Limited takes out the full calculated possible swing range there will be an estimated 7.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹2,397.50 (0.19%) than the resistance at ₹2,448.05 (1.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Lumax Industries Limited stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.157 Buy Candidate Unchanged

Predicted Opening Price for Lumax Industries Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹2,408.12 ( 0.255%) ₹2,402.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for LUMAXIND.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2,470.47 2.85 %
R2 2,446.65 1.86 %
R1 2,431.93 1.25 %
Current price: 2,402.00
Support S1 2,384.30 -0.737 %
S2 2,369.58 -1.35 %
S3 2,345.77 -2.34 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2,572.30 7.09 %
R2 2,472.25 2.92 %
R1 2,448.05 1.92 %
Current price 2,402.00
Support S1 2,397.50 -0.187%
S2 2,342.45 -2.48%
S3 2,257.65 -6.01%

FAQ

What is the symbol for Lumax Industries Limited Stock and on which exchange is it traded?
The symbol for Lumax Industries Limited is LUMAXIND.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Lumax Industries Limited Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Lumax Industries Limited Stock?
Lumax Industries Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Lumax Industries Limited Stock.

What's the current price of Lumax Industries Limited Stock?
As of the end of day on the 2024-03-28, the price of an Lumax Industries Limited (LUMAXIND.BO) share was ₹2,402.00.

What is the 52-week high and low for Lumax Industries Limited Stock?
The 52-week high for Lumax Industries Limited Stock is ₹2,815.45 and the 52-week low is ₹1,669.45.

When is the next earnings date for Lumax Industries Limited?
The upcoming earnings date for Lumax Industries Limited is Apr 17, 2024.
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